Maryland Factoring Companies
Take charge of your business cash flow. Sell outstanding invoices to a Maryland factoring company and get the business funding you need, without the debt you hate. Invoice factoring helps businesses in Baltimore, Annapolis, Rockville, Frederick, Gaithersburg, and all over Maryland reach their goals.
Invoice Factoring Funding or Bank Financing?
Banks serve their purpose; however, through no fault of their own, they usually fall short. Because they are highly regulated, they are limited. Businesses must prove that they have enough collateral; in addition, they must have long and healthy credit histories. The approval process can be long and stressful. Ultimately, the bank does not approve the business loan, or if it does, the business owner does not get all the funding he or she needs.
How Does Invoice Factoring Work?
Almost every business has invoices that are waiting for payment. Even if your customers abide by their credit terms, more often than not, you need the cash right away. Whether you need to make payroll, accept a large order, or just meet overhead expenses, invoice factoring can get you the cash that you need.
We work with a network of reputable and qualified Maryland factoring companies that will buy your eligible open invoices at a discount and deposit the cash into your account within 24 hours. Factoring companies bill your customers at their regular billable rates and terms. After being paid, the remainder of the discounted amount is returned to you, minus a small factoring fee.
Maryland Industries Get More Capital Through Factoring Companies
- Trucking and freight factoring
- Manufacturing and distribution
- Medical services
- Construction Factoring Programs
We match our clients with invoice factoring companies who are experienced and knowledgeable within the industries they serve. Our professionals will guide you through the factoring process with ease.